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Which one of the following statements is TRUE?

Which one of the following statements is TRUE?

Select one:

A. Assets generate income for a bank.

B. A bank's reserves can only be kept as cash in its vault.

C. A bank's assets plus its liabilities equals must equal zero.

D. Demand deposits are assets of a bank.

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the True statement is A.... View the full answer

A.Asset generate... View the full answer

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